Iraq plans to acquire large fleet of oil tankers

Iraq plans to acquire a “large fleet” of oil tankers to transport the OPEC nation’s crude to global markets, Oil Minister Jabar al-Luaibi said late last week. Iran lost most of its own tanker fleet in 1991 when US forces ejected Iraq from Kuwait. State-run Iraqi Oil Tankers Company owned more than 20 tankers in the 1980s “The ministry is keen to restructure the company and develop its operations by building and buying a large fleet of tankers,” Luaibi said.